Sussex Property Market View

What later life home buyers should be thinking about

Buying a property that suits you in your 60s and 70s, that will continue to meet your needs in the years beyond, is a challenge that is being faced by more and more buyers as the baby boomers come of a certain age.
 
Bill Spreckley of Stacks Property Search says, “The baby boomer generation tend to be practiced and efficient buyers. They will probably have owned several properties in their lifetime, from first homes and flats, to family houses, and a good few in between. But buying an empty nest or retirement (or semi-retirement) property can be tricky – ironically because of the lack of essential criteria.
 
In their past, 'salt and pepper buyers' have had to factor in working lives, schooling lives, and space for family. But a property at this stage of life can generally be smaller and its location can be less restricted. Buyers are planning a life that probably has more leisure in it than ever before. Furthermore, it may well be a ‘last home’, which is a daunting proposition in itself. So where to start? Continue reading this article from Property Rerporter here.
 
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Neil Moore of GL and Co.

With these updates, I follow the property market across Sussex and pass all our knowledge and findings on to you, the buyers, sellers, tenants and landlords of Sussex.

If you are thinking of buying a property for rental and would like to discuss this or if you see a property for sale and would like an opinion on the rental return and investment potential, email me at neilmoore@glproperty.co.uk or call me on 01903 742354.

Neil Moore